Word: extras
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Dates: during 1930-1939
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Christmas was still a month off but many a potent corporation last week began opening its surplus sock and doling out extra dividends. A round dozen announced extras and specials amounting to nearly $10,000,000, bringing November's total dividend declarations to $347,000,000, highest since February...
...Tobacco shares made the most news when P. Lorillard Co. declared a $1 extra, the first since 1917, and George W. Helme Co., famed snuff makers, announced a $4.75 extra special, a $2 customary special, and a regular quarterly of $1.25. Directors of American Can took Wall Street and some of the company's own officers by surprise with a $1 extra besides the regular $1 quarterly. A small chemical company named Vulcan Detinning, which in 32 years of corporate existence has omitted common dividends for 28, made enough out of reducing scrap tinplate to pay a $4 special. Ruberoid...
...Back of most of these extras was more than a burst of Christmas cheer. It was acute corporate fear of the tax collector. Under the Revenue Act the Federal Government may lay a penalty up to 35% on the net income of a corporation which accumulates surpluses in excess of what the Government believes it "reasonably" needs. Month ago the Treasury Department launched a drive to collect such penalties from some 100 U. S. corporations (TIME, Oct. 29). The Treasury Department found itself in a morass of legal tangles arising from the difficulty of deciding what needs are ''reasonable...
Last year many students received extra work clearing the stadium of snow before the Brown game. Others were given special work when R. H. White and Co. employed a large number of students in their packing department before a sale. Although it was impossible for these positions to be filled this year, there has been a corresponding increase of regular jobs for entertainers...
...stated that the band would accept as soon as the agreement of all the authorities is obtained. This will be an unprecedented action, since the band has never before played after the football season except at the hockey games, and means that the band must remain organized for extra rehearsal Saturday...